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The Swamp

  • #68,021
  • Jun 15, 2020 9:20pm Jun 15, 2020 9:20pm
Quoting DMA Trader
SO FED is buying corporate debt. People take risk since bankruptcy is going down - stock market up stronger economy fine with this but EUR going up because ?
I think the past few weeks' up is because of the Europe stimulus agreement. Countries giving money to each other with no strings attached, no payback obligations.. A sign of deepening integration, huge plus for the euro in long run.
Pension fund Return This Month: 2.2%
  • #68,022
  • Jun 15, 2020 9:26pm Jun 15, 2020 9:26pm
;..
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  • #68,023
  • Jun 15, 2020 9:30pm Jun 15, 2020 9:30pm
Quoting kuroro001
eurusd is 80% correlated to the copper (over the past 4 years weekly basis) Whenever i see copper producers hammering the short side, i'm looking for short eurusd {image}
That's interesting. How do you determine which is a leading indicator or it doesn't matter? I mean, which will turn first. For example, if EURUSD rallies, at first copper decline, is it an opportunity to increase your EURUSD short or an exit.

For example, if copper relates to manufacturing production, why should the copper demand deplete before the European fundamentals indicate decreased future buying? I guess there are manufacturing and pruchasing indexes, or copper inventory which may indicate the change. Unclear which would come first as a forecaster.
  • #68,024
  • Jun 15, 2020 10:03pm Jun 15, 2020 10:03pm
Quoting Zasoom
{quote} That's interesting. How do you determine which is a leading indicator or it doesn't matter? I mean, which will turn first. For example, if EURUSD rallies, at first copper decline, is it an opportunity to increase your EURUSD short or an exit. For example, if copper relates to manufacturing production, why should the copper demand deplete before the European fundamentals indicate decreased future buying? I guess there are manufacturing and pruchasing indexes, or copper inventory which may indicate the change. Unclear which would come first...
a drop in copper price, with a drop in inventory indicates equities will fall. Over time it can be systemic like in 2008
those who can, do. those who cant, talk about those who can
  • #68,025
  • Jun 15, 2020 10:03pm Jun 15, 2020 10:03pm
Quoting Boulder
;.. {image}
therefore the news is released periodically reminding people not to be short risk. central bank printers go brrrrr. don't fight it.
  • #68,026
  • Jun 15, 2020 10:53pm Jun 15, 2020 10:53pm
shorting periodically on rise or fall. trying to b.e. and hold eventually many positions. 1347
those who can, do. those who cant, talk about those who can
  • #68,027
  • Jun 15, 2020 11:06pm Jun 15, 2020 11:06pm
Quoting Lest
{image}
sell limit missed 3p ... canceled
  • #68,028
  • Jun 16, 2020 1:15am Jun 16, 2020 1:15am
Another wonderful trading day
  • #68,029
  • Edited 2:15am Jun 16, 2020 1:17am | Edited 2:15am
Shorted EU 1.1338. 11 pips stop loss

Tp open

EDIT: stopped... reversed to long, TP 1.1368

oh wow fake out... okay out everything -5... coffee then back
  • #68,030
  • Jun 16, 2020 1:39am Jun 16, 2020 1:39am
Quoting Boulder
{quote} This may go up.. I am reloading my positions up ..since most higher positions had been cashed out last Friday//
could be a very good scenario playing a H&S 1.136 area or a double top 1.142 - also could get a RSI div on daily imo would be more reliable
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,031
  • Jun 16, 2020 2:24am Jun 16, 2020 2:24am
shorted EU again 1.1339

Long UCAD 1.3565
  • #68,032
  • Jun 16, 2020 2:30am Jun 16, 2020 2:30am
15m below 1330 and im out
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  • #68,033
  • Jun 16, 2020 2:30am Jun 16, 2020 2:30am
Shorting libre if happens.
The other level is attraction and turning point.

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  • #68,034
  • Jun 16, 2020 2:50am Jun 16, 2020 2:50am
sorry late to the game with this but it bloody worked i say
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  • #68,035
  • Jun 16, 2020 3:02am Jun 16, 2020 3:02am
Looking at 1360/75 to short
COT: The precious data ignored
  • #68,036
  • Jun 16, 2020 3:07am Jun 16, 2020 3:07am
Quoting DMA Trader
{quote} could be a very good scenario playing a H&S 1.136 area or a double top 1.142 - also could get a RSI div on daily imo would be more reliable
Just woke up.. cash one here 1.1322 +11.. I may regret.... I did't reload more...
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  • #68,037
  • Jun 16, 2020 3:07am Jun 16, 2020 3:07am
Quoting DMA Trader
{quote} could be a very good scenario playing a H&S 1.136 area or a double top 1.142 - also could get a RSI div on daily imo would be more reliable
missed the entry short for. 1.136 didn;t get there
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,038
  • Jun 16, 2020 3:10am Jun 16, 2020 3:10am
from Newsqawk...EU 1.1319 atm
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  • #68,039
  • Jun 16, 2020 3:18am Jun 16, 2020 3:18am
EU 6/16/2020 trading levels .. next to print 1359 or 1299

RU R3 ----------1.1431
WP R2 ----------1.1428
DP R3 ----------1.1399
MP R3 ----------1.1385
RU R2 ----------1.1382
WP R1 ----------1.1379
DP R2 ----------1.1359
RU R1 ----------1.1353
DP R1 ----------1.1333
WP PP ----------1.1299
RU S1 ----------1.1294
DP PP ----------1.1293
RU S2 ----------1.1265
DP S1 ----------1.1253
MP R2 ----------1.1240
DP S2 ----------1.1227
WP S1 ----------1.1219
RU S3 ----------1.1216
  • #68,040
  • Jun 16, 2020 3:22am Jun 16, 2020 3:22am
Quoting Boulder
from Newsqawk...EU 1.1319 atm {image}
Hello Boulder, Please I'm kinda new here and I see you post this figures everyday. Please how can this be adapted or used as guidance for trading.
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